HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings plc has successfully issued $1.35 billion and $1.15 billion in perpetual subordinated contingent convertible securities, following the fulfillment of preset conditions. These securities, carrying 6.875% and 6.950% interest rates respectively, are now listed on Euronext Dublin. This strategic financial move aims to strengthen the company’s capital structure and offers investors a new instrument to diversify their portfolios.
For further insights into GB:HSBA stock, check out TipRanks’ Stock Analysis page.
